Daily Bullion Report for the Day of 11th January 2024

Fundamentals for the Day

7.00 pm CORE CPI m/m

CPI m/m

CPI y/y

Unemployment Claims

9.00 pm Natural Gas Storage

11.31 pm 30-Y Bond Auction

12.30 am Federal Budget Balance

Yesterday,

Gold made a High of 62399 where we mention sell @ 62411 & make a low of 61966 where we mention for target 61950

Silver Low 71665 where we mention Buy @ 71750+

Gold Open Interest has been reduce till 4,86,614 with volume 2,67,434

Gold

Range: 62500 - 61700

Our Preference: Sell Gold 62411 for target 61950 & below 61890 target extended till 61700

Alternative Scenario: Buy Gold 61700 with SL 61590 for target 62150

Trading Zone

62271 Sell for the Session

62789 Sell for the Week

Breakout Sell 61400 below only

Maintain Stop loss of 70 point for above trading Zone

Silver

Range: Buy 71700 SL 71500 for target 72500

Alternative Scenario: Sell Silver 71500 for target 70522 with SL 71750

Pricing

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Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current